E2open Parent (NYSE:ETWO) Releases Earnings Results, Beats Expectations By $0.01 EPS

E2open Parent (NYSE:ETWO - Get Free Report) issued its earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.01, Zacks reports. E2open Parent had a positive return on equity of 5.59% and a negative net margin of 108.58%.

E2open Parent Stock Up 0.2%

Shares of ETWO traded up $0.01 during trading on Thursday, reaching $3.26. The company's stock had a trading volume of 1,607,741 shares, compared to its average volume of 4,093,972. The company has a fifty day moving average of $2.99 and a two-hundred day moving average of $2.59. E2open Parent has a twelve month low of $1.75 and a twelve month high of $4.82. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -1.52 and a beta of 1.26. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.18.

Insider Activity

In other E2open Parent news, major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $3.21, for a total value of $98,251,137.51. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.63% of the stock is currently owned by insiders.

Institutional Investors Weigh In On E2open Parent

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in shares of E2open Parent during the 1st quarter valued at approximately $525,000. Empowered Funds LLC raised its position in shares of E2open Parent by 5.6% during the 1st quarter. Empowered Funds LLC now owns 1,130,653 shares of the company's stock valued at $2,261,000 after acquiring an additional 60,237 shares in the last quarter. Millennium Management LLC grew its stake in E2open Parent by 285.8% during the 1st quarter. Millennium Management LLC now owns 1,856,005 shares of the company's stock worth $3,712,000 after buying an additional 1,374,985 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in E2open Parent by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 122,258 shares of the company's stock worth $245,000 after buying an additional 5,205 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in E2open Parent by 88.1% during the 1st quarter. AQR Capital Management LLC now owns 42,673 shares of the company's stock worth $85,000 after buying an additional 19,991 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ETWO. Wall Street Zen upgraded E2open Parent from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. The Goldman Sachs Group decreased their price target on E2open Parent from $2.60 to $2.30 and set a "sell" rating for the company in a report on Friday, March 28th. Morgan Stanley upped their price target on E2open Parent from $2.10 to $3.30 and gave the stock an "equal weight" rating in a report on Wednesday, May 28th. Finally, UBS Group decreased their price target on E2open Parent from $3.00 to $2.50 and set a "neutral" rating for the company in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $2.78.

About E2open Parent

E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management and orchestration SaaS platform in the Americas, Europe, and the Asia Pacific. Its SaaS platform includes various key strategic and operational areas, including omni-channel, demand sensing, supply planning, global trade management, transportation and logistics and manufacturing and supply management.

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